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Mar 31, 2020
22nd Century Group Q1 2020 Earnings Report
Reported a solid start to 2020 with revenue increasing and operating expenses decreasing.
Key Takeaways
22nd Century Group reported a 12% increase in revenue compared to the same quarter last year. The company also saw a 16% reduction in operating expenses compared to the same quarter last year.
Revenue increased 12% over last year.
Manufacturing facility has remained open and has been able to fulfill orders without any backlog.
Operating expenses decreased by 16% compared to the same quarter last year.
FDA announced a deadline for public comments on the Company’s Modified Risk Tobacco Product (“MRTP”) application.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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